Two Sigma Advisers LP Reduces Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Two Sigma Advisers LP reduced its stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,800 shares of the financial services provider's stock after selling 4,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.14% of Tompkins Financial worth $1,411,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Tompkins Financial during the 4th quarter worth $27,000. Sterling Capital Management LLC grew its holdings in Tompkins Financial by 784.8% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider's stock worth $28,000 after acquiring an additional 361 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Tompkins Financial during the 4th quarter valued at about $49,000. Russell Investments Group Ltd. increased its position in Tompkins Financial by 21,563.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,383 shares of the financial services provider's stock valued at $162,000 after purchasing an additional 2,372 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Tompkins Financial in the 4th quarter valued at about $163,000. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Stock Down 1.3%

Shares of NYSEAMERICAN TMP traded down $0.83 during midday trading on Wednesday, reaching $60.76. 34,507 shares of the company's stock traded hands, compared to its average volume of 55,273. The stock has a market cap of $874.34 million, a P/E ratio of 12.27 and a beta of 0.73. The stock's 50 day moving average is $60.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.92 and a current ratio of 0.96. Tompkins Financial Co. has a one year low of $43.32 and a one year high of $79.01.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a dividend of $0.62 per share. The ex-dividend date was Friday, May 9th. This represents a $2.48 annualized dividend and a yield of 4.08%. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.

Tompkins Financial Company Profile

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.